The Kelley A. Bergstrom Real Estate Center is greatly admired among industry leaders as a hub of information and a resource for all things commercial real estate. The Center’s ability to provide opportunities for students to connect with industry leaders has produced a legacy of outstanding talent and powerful connections. The program’s world-renowned faculty, industry-leading research, rigorous curriculum and connection to the Center makes the MSRE program one of the best in the county.
The Center was named after Kelley A. Bergstrom, Chairman, Bergstrom Investment Management, in 2006, after Mr. Bergstrom created an endowment to support the Center for years to come.
From the Executive Director
I suspect your COVID-19 experience is much like mine: We are so intensely involved in compensating for its effects that we think of little else. Today, I lost track of which day it is and tried desperately to Zoom tomorrow’s Faculty Senate meeting. So, are we winning the challenge of Covid-19? In a surprising number of ways, yes!
Here are some points that the Bergstrom Center advisory board and the real estate program have scored against COVID-19:
Despite the economic situation, 91 percent of our 2020 MSRE graduates now have jobs.
Dr. Bill Hughes joined us in July as the Director of Applied Research and already has had a marked effect on our capabilities, our plans and our students.
The outreach of our advisory board and alumni to our students has been incredible. We have long bragged about their engagement, but they are hitting home runs left and right with Zoom sessions and hosting field trips for MSREs. Since March, over 30 board members and MSRE alumni have given a Zoom presentation on their work and role in the industry, or on other matters important to our students. Many appeared two times! They have averaged superb!
Our MSRE enrollment has mushroomed from 35 to 50, and the total number of active MSRE students has reached 66 while many other graduate programs have shrunk! This growth reflects the growing reputation of our program and great recruiting efforts, especially by Associate Director of Admissions and Student Services, Courtney Mack, but also by the entire Bergstrom team.
In the face of COVID-19 limitations we have found new ways to teach that are so beneficial that they are becoming the standard, and will remain after COVID is gone. An example is the Master Class created by Assistant Director, Nikki Wagner, and Director Tim Becker that, alone, brought 17 advisory board members to engage with our incoming MSREs.
In short, none of us would wish what is on us today. But it is not getting the best of us, and we have hope that once we are out of this shadowy passage, our students will be able to look back and believe that we accomplished what was needed for them to have a great future.
Dr. Wayne Archer, William D. Hussey Professor
Executive Director, Bergstrom Center
Faculty & Staff
Creating the Industry Standard
The Kelley A. Bergstrom Real Estate Center is home to some of the most respected minds in commercial real estate.
Welcome Bill Hughes
Bill Hughes joins the Bergstrom Center as the Executive Director of Applied Research. In this role, Hughes will lead the effort in delivering data-driven reports for the real estate community. Hughes previously served for 15 years as Global Head of Real Estate Research and Strategy at UBS. He received his bachelor’s degree in industrial engineering from Georgia Tech and his MBA and Ph.D. in real estate from the University of Georgia.
Commercial real estate prices are not equally affected by COVID-19
As the COVID-19 pandemic continues to wreak havoc on the world, the resulting economic consequences are negatively affecting people and businesses alike. Between the lack of cash on-hand and rent strikes across the nation, commercial property owners have been hit hard. However, a first-of-its-kind study suggests that not all commercial real estate is affected equally as a result of COVID-19. David Ling of the University of Florida Warrington College of Business with Chongyu Wang of Concordia University and Tingyu Zhou of Florida State University find that certain types of properties are struggling more than others.
Whether learning in the classroom or visiting real estate companies around the world, students at the Bergstrom Center come face-to-face with pressing issue in today’s commercial real estate industry. This ensures that we are producing immediately impactful employees after graduation.
Nathan S. Collier Master of Science in Real Estate
The traditional MSRE program is a 10-month, 34-credit, in-residence program that is focused on commercial real estate, led by two of the most recognized names in real estate education and research—Professors Wayne Archer and David Ling.
This unique program allows students to complete both the Juris Doctor and MSRE degrees in three years by double-counting some credits from each degree toward the other degree’s elective credits.
Combined bachelor/MSRE program
Combined degree students are highly qualified and motivated, have earned significant college credits in high school, and want the added challenge of taking MSRE coursework while still finishing their undergraduate degree. They apply some MSRE graduate credits toward their undergraduate degree, then complete the rest of their 34 MSRE program credits after earning their undergraduate degree.
MBA with a real estate concentration
MBA students take eight credits of real estate coursework as electives to earn the concentration.
Minor in real estate
The College offers an undergraduate and graduate real estate minor, giving students exposure to diverse topics in real estate.
Courtney Mack Director of Admissions and Student Services
Nathan S. Collier MSRE program
352-273-0310 or email Courtney
Real estate students aid peers with modeling course
James Barrios (BSBA ’19, MSRE ’20), Mike Harris (BABA ’19, MSRE ’20) and Connor Kreis (BSBA ’19, MSRE ’20) saw a need for more material on how to construct complicated models in Excel, a crucial skill for students to have as they enter the industry. The three decided soon after that they would make it their mission to create a completely new self-paced Excel program specific to commercial real estate that could be used by students pursuing UF’s MSRE degree.
They created Financial Analysis with Real Estate Modeling (FARM), a six-level online Excel class. Each level of FARM includes a written explanation of the financial concepts to be learned, voice recorded videos that walk students through the Excel functions and a quiz they must pass proving they understand the concepts taught before moving on to the next level.
In October, MSRE students traveled to Santiago, Chile for a week-long experiential learning opportunity. Students Shannon Hess and James Barrios met with real estate professionals in Chile, learned about the area’s real estate market and were able to enjoy the sights and sounds of the country.
MSRE students have access to a network of more than 100 real estate professionals. These connections help students find jobs and learn more about the industry throughout their time in the program and even after their graduation.
Students at the Bergstrom Center are constantly around important players in the commercial real estate industry. Whether learning from a guest speaker on campus or networking with companies at our annual Trends & Strategies Conference, students are consistently spending time around industry leaders.
Trends & Strategies Conference
The Real Estate Trends & Strategies Conference continues to make meaningful connections among industry leaders while learning more about the latest commercial real estate topics.
We could not hold the conference each year without sponsors! We are especially thankful for the platinum sponsors: ApexOne Investment Partners, Avison Young, Truist, Bergstrom Investment Management and Parkway.
The Alfred A. Ring Distinguished Speaker Series brings prominent real estate professionals to campus to speak to and interact with UF real estate students and faculty. These speakers provide real-life examples of how students can apply what they learn in the classroom to their future jobs.